Liability Risks
Public Liability
Public liability insurance protects businesses from claims made by third parties for accidental bodily injury, death, or property damage arising from business operations, premises, or activities.
It may assist with legal defense costs, compensation payouts, and court fees up to policy limits if liability is proven.
Product Liability
Product liability insurance protects manufacturers, distributors, retailers, and sellers from claims when their products cause bodily injury, illness, death, or property damage due to defects in design, manufacturing, or warnings.
Usually embedded in general liability policies, it pays legal defense costs, medical bills, settlements, and judgments up to limits.
It is deemed essential for food, electronics, machinery, or e-commerce sellers.
Product Recalls
Product recall insurance reimburses manufacturers, distributors, or retailers for the direct costs of voluntarily or involuntarily recalling defective, contaminated, or tampered products that pose risks of bodily injury or property damage, protecting against expenses like customer notifications, product retrieval, shipping, disposal, destruction, replacement, restocking, warehouse overtime, and testing; often with first-party and third-party extensions.
Employers’ Liability
Employers' liability insurance protects employers from employee lawsuits alleging negligence caused work-related injuries or illnesses that are not fully covered by workers' compensation, such as claims for pain/suffering, emotional distress, or consequential damages, paying legal defense costs, settlements, and judgments.
Professional Indemnity
Professional indemnity insurance (also called professional liability or errors & omissions insurance) protects service-based professionals and businesses from client claims alleging negligent services, advice, errors, omissions, or breach of contract that caused financial loss (e.g., an accountant misfiling taxes leading to penalties, or an architect's design flaw requiring costly fixes).
Directors’ and Officers’ Liability
Directors’ and Officers’ (D&O) Liability Insurance protects the personal assets of a company’s directors and officers against claims alleging wrongful acts in their management roles, such as mismanagement, breaches of duty, misleading statements, or failures around transactions and compliance.
It is of growing importance for public, private, and non-profit organizations facing increasing shareholder, regulatory, and stakeholder litigation risk.
Public Offering of Securities Insurance
Public Offering of Securities Insurance (POSI) is a specialized policy that protects issuers, directors, officers, shareholders, and IPO underwriters from claims alleging misstatements, omissions, or inaccuracies in prospectuses, roadshows, or documents tied to public securities offerings like IPOs etc., covering defense costs, settlements, and judgments for investor lawsuits while complementing D&O insurance by isolating these transaction-specific, long-tail risks without eroding broader management liability limits.
Environmental Insurance
Environmental insurance is specialized liability coverage for pollution-related incidents (e.g., chemical spills, mold, or contamination), filling gaps in standard general liability or property policies excluded for pollutants. It protects against third-party bodily injury, property damage, cleanup/remediation costs (on/off-site), legal defense, and business interruption from sudden/accidental or gradual releases, depending on policy wordings.
It protects against third-party bodily injury, property damage, cleanup/remediation costs (on/off-site), legal defense, and business interruption from sudden/accidental or gradual releases, depending on policy wordings.